Features To Watch For In A BIN Database By Payment Processing Professionals

Feb 17 07:33 2012 Gen Wright Print This Article

Bank identification number databases provide a number of features to enhance the business that you are in, whether you are a brick and mortar based company, or you have taken to the web for all your transactional needs.

Even if you do a good amount of business in both the real and virtual worlds,Guest Posting you can use one service provider to handle all your many needs. The problem, however, comes from narrowing down the list to one provider, who can really take care of all your needs without breaking the bank. Remember what you want above all else is value, so in order to get it, make certain that you look for these quality features:

Database collection for all types of cards

Your bin database can go as far or as short as you want it to. Are you in to taking debit and credit cards only? Perhaps you also would like to take gift cards and other store based credit cards. A database is only useful if it is capable of handling all the things that you need it to with minimal effort. It is important that your provider stays on top of these features as well to make sure they are the most up to date that they can be. Cards go out of service. They are lost or stolen. Banks close. If you are working with a provider that fails to stay on top of this, then you could be setting yourself up for trouble down the road.

Try before you buy mentality

Before signing any kind of extended contract with a company, you need to make sure that it is the right fit for your business and that it will interface with your existing technologies. Reputable companies will allow you to try and free trial before making an extensive financial commitment. Do not let yourself be pressured into signing a contract with any provider that doesn't have the confidence in its own product to give you a test run for free.

International capabilities

With the Internet turning the world into more of a global marketplace, it is also important that you find a provider, who is open to international capabilities. While it may cost a bit more for international provision, it can open up a wealth of potential revenue that you are just not going to get by staying stateside. Remember, the United States is merely 300 million people in a world of billions. Don't leave all that revenue on the table.

Also, make sure you've got access to BIN-to-Country, BIN-to-Brand, BIN-to-Bank, and BIN-to API validation as product features. It's also preferable to have XML API capabilities. By choosing as feature packed of a product as you can, you're sure to find a product that suits your business.

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Gen Wright
Gen Wright

The bin database you use to protect your business should be up to date and alert to the latest developments in technology. For a search bin database tool that really works, check out our website today.

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